Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
EFA vs IALT: how they differ
EFA and IALT hold 0% of their weight in the same names.
iShares MSCI EAFE ETF and iShares Systematic Alternatives Active ETF.
What they hold in common
By the books each fund has filed, EFA and IALT hold 0% of their money in the same securities at the same weight.
| Only in EFA | Only in IALT |
|---|---|
| ASML Holding N.V. 2.60% | Intercontinental Exchange, Inc. 17.26% |
| HSBC HOLDINGS PLC 1.47% | PRIME SECSRVC BRW/FINANC 1.29% |
| ASTRAZENECA PLC 1.36% | PHINIA INC 0.94% |
| Novartis AG 1.30% | DISH DBS CORP 0.21% |
| Nestle S.A. 1.21% | DISH DBS CORP 0.19% |
| SHELL PLC 1.20% | DISH DBS CORP 0.10% |
| Siemens Aktiengesellschaft 1.05% | |
| COMMONWEALTH BANK OF AUSTRALIA 0.98% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026.
| EFA iShares MSCI EAFE ETF | IALT iShares Systematic Alternatives Active ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | Developed markets ex US | Systematic Alternatives Active |
| Total return, 1 year | +18.2% | +17.4% |
| S&P 500 over the same days | +17.5% | +12.1% |
| Gap to the S&P 500 | +0.7 pts | +5.4 pts |
| Expense ratio | 0.32% | not published |
| Already in the S&P 500 | 0.0% | 54.9% |
| Holdings | 705 | 8 |
EFA in plain words
EFA is an index equity fund tracking the Developed markets ex US. Over the year to Sep 11, 2026 it returned +18.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.32% a year. By its holdings filed for Apr 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 705 positions, with the top ten at 13.4%.
IALT in plain words
IALT is an index equity fund tracking the Systematic Alternatives Active. By its holdings filed for Apr 30, 2026, 55% of the fund by weight is stocks the S&P 500 also holds, across 8 positions, with the top ten at 100.0%.
Questions people ask
- How much do EFA and IALT overlap with the S&P 500?
- By their latest filed holdings, 0% of EFA and 55% of IALT by weight is stocks the S&P 500 already holds. Between the two funds, 0% of their books are the same securities at the same weight.
Other comparisons
Where to next
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, EFA against IALT, data as of Sep 12, 2026. https://etfiq.com/compare/any/EFA-IALT Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources